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Ryad
Ryad is a 28 year old man who lives in Tripoli, northern Lebanon with his wife and their child. Ryad has owned a coffee shop for four years. He also serves “narguileh” (also known as “shisha” in Egypt). Narguileh is an ancient tradition enjoyed by the people of the Middle East. A tall (or short) water pipe is used to smoke fruit-flavored tobacco. Narguileh is enjoyed in cafes across the Middle East, and is beginning to gain popularity in the US, Europe, and other countries. He requested a loan of 1500 US dollars from A. Majmoua in order to purchase merchandise and coffee machine. This is the first time that Ryad has requested a loan.
Ryad is speciA. in his work because he knows how to treat his clients. His clients are his friends, neighbors and others. When he first started his business, he had difficulty finding the proper place to open his shop. Ryad decided on doing his business because he wanted to improve his income. In the future, he plans on starting a new business.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ryad to purchase merchandise and coffee machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010